Financial accounting professionals are responsible for the public reporting of a company or organization’s financial status. This work involves collecting and maintaining data, detecting trends and forecasting future needs. In addition, financial accountants prepare detailed statements and communicate financial information to company leaders and audiences that do not have an extensive accounting background.Anyone interested in a financial accounting career will want to gain a solid understanding of several industry standards. The Generally Accepted Accounting Principles (GAAP) are a widely-accepted set of guidelines that assist with reporting procedures. The International Financial Reporting Standards (IFRS) help accountants create consistent and comparable financial statements for businesses across the globe.
Interested in becoming a financial accountant?
Try one of these courses
- ICB National Diploma: Technical Financial Accounting
- ICB National Certificate: Bookkeeping (Junior Bookkeeper)
- ICB National Diploma: Certified Financial Accounting
- ICB FET Certificate: Bookkeeping (Certified Senior Bookkeeper)
Last updated: October 25th 2016